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Student Finance

Hi everyone, this is my first post :smile:

I am currently in my first year of Accountancy at uni (in Glasgow, Scotland).

I've been thinking about moving out of my parents' house soon but I'd need sufficient funds in order to do that. Part-time job is obviously important in my case. I'm also currently getting a student loan which comes down to £475/month. I don't get a bursary because my dad earns £34k+.

The question: will I get a bursary if I was to move to student accommodation next year? I know it is income assessed but if I was to live on my own or in a flat with my friends (who also go to the same uni as me), will it still depend on how much my parents earn?

Btw it would be a 50 week contract, not a 52 week contract.. I don't know if that's relevant or not.

Thanks

Reply 1

Klix88

Yes, you would still be assessed on your parents' income.

Your Maintenance Loan will increase slightly if you live away from home during term time, but it isn't guaranteed to cover the extra cost of your rent.

You won't get a bursary if you don't get one now.

The length of your contract has no bearing on how much Student Finance you get.

Reply 2

FaheemN

Okay, thanks a lot for answering my question! :smile:

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